What were the total current assets for Best Brains as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Particulars | Schedule No. | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|---|
| ASSETS | |||
| Current Assets Cash & cash equivalents | 1 | 262,049.67 | 154,275.10 |
| Inventory | _ | 417,347.00 | 289,840.00 |
| Trade Receivables | 2 | 2,038,407.38 | 1,549,975.79 |
| Other Current Assets Total Currrent Assets | 3 | 255,726.78 2,973,530.83 | 225,576.84 2,219,667.73 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2022, were $2,219,667.73. Current assets include cash and cash equivalents, inventory, trade receivables, and other current assets. These are assets that Best Brains expects to convert to cash within one year.
For a prospective Best Brains franchisee, understanding the composition and value of current assets provides insight into the company's short-term financial health and liquidity. A higher value of current assets compared to current liabilities generally indicates a stronger ability to meet short-term obligations. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends in Best Brains' financial management and operational efficiency.
It is important to note that these figures reflect the financial position of Best Brains Inc. as a whole and not necessarily the financial performance of individual franchise locations. Franchisees should focus on understanding their own potential revenue, expenses, and asset management within their specific Best Brains center. Consulting with a financial advisor to interpret these financial statements in the context of the franchise opportunity is advisable.